Starting Dynare (version 6.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file ...
WARNING: P00hr.mod:197.1-32: Symbol y declared twice.
WARNING: P00hr.mod:197.1-32: Symbol c declared twice.
WARNING: P00hr.mod:197.1-32: Symbol k declared twice.
WARNING: P00hr.mod:197.1-32: Symbol i declared twice.
WARNING: P00hr.mod:197.1-32: Symbol n declared twice.
WARNING: P00hr.mod:197.1-32: Symbol y_n declared twice.
WARNING: P00hr.mod:197.1-32: Symbol z declared twice.
WARNING: P00hr.mod:197.1-32: Symbol r declared twice.
WARNING: P00hr.mod:197.1-32: Symbol w declared twice.
WARNING: P00hr.mod:197.1-32: Symbol sigma_c declared twice.
Found 10 equation(s).
Evaluating expressions...
Computing static model derivatives (order 1).
Normalizing the static model...
Finding the optimal block decomposition of the static model...
3 block(s) found:
  2 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 6 equation(s)
                                 and 6 feedback variable(s).
Computing dynamic model derivatives (order 3).
Normalizing the dynamic model...
Finding the optimal block decomposition of the dynamic model...
3 block(s) found:
  2 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 6 equation(s)
                                 and 6 feedback variable(s).
Preprocessing completed.
Preprocessing time: 0h00m00s.
Call solver on the full nonlinear problem.

STEADY-STATE RESULTS:

y       		 1.21154
c       		 0.921749
k       		 14.4897
i       		 0.289795
n       		 0.3
y_n     		 4.03848
z       		 0
r       		 0.010101
w       		 2.58463
sigma_c 		 1.5

EIGENVALUES:
         Modulus             Real        Imaginary
          0.9497           0.9497                0
            0.95             0.95                0
           1.064            1.064                0
       7.768e+15       -7.768e+15                0
             Inf              Inf                0

There are 3 eigenvalue(s) larger than 1 in modulus for 3 forward-looking variable(s)
The rank condition is verified.


MODEL SUMMARY

  Number of variables:         10
  Number of stochastic shocks: 1
  Number of state variables:   2
  Number of jumpers:           3
  Number of static variables:  5


MATRIX OF COVARIANCE OF EXOGENOUS SHOCKS
Variables         e_z
e_z          0.000049



MOMENTS OF SIMULATED VARIABLES
VARIABLE              MEAN       STD. DEV.        VARIANCE        SKEWNESS        KURTOSIS
y                 1.207474        0.038886        0.001512        0.026726        0.219560
c                 0.918921        0.015162        0.000230        0.031352        0.212791
k                14.412883        0.412779        0.170386        0.095168        0.196230
i                 0.288553        0.028163        0.000793        0.029588        0.084497
n                 0.300333        0.005756        0.000033        0.001281       -0.091019
y_n               4.020326        0.099501        0.009900        0.058693        0.217454
r                 0.010239        0.000750        0.000001        0.079321        0.163611
w                 2.578674        0.035958        0.001293        0.044829        0.146004
sigma_c           1.500000        0.000000        0.000000             NaN             NaN


CORRELATION OF SIMULATED VARIABLES
VARIABLE          y        c        k        i        n      y_n        r        w  sigma_c
y            1.0000   0.8047   0.6060   0.9476   0.6418   0.8047  -0.0905   0.0906      NaN
c            0.8047   1.0000   0.9598   0.5728   0.0615   1.0000  -0.6637   0.6640      NaN
k            0.6060   0.9598   1.0000   0.3200  -0.2208   0.9599  -0.8464   0.8470      NaN
i            0.9476   0.5728   0.3200   1.0000   0.8531   0.5727   0.2323  -0.2324      NaN
n            0.6418   0.0615  -0.2208   0.8531   1.0000   0.0614   0.7055  -0.7054      NaN
y_n          0.8047   1.0000   0.9599   0.5727   0.0614   1.0000  -0.6637   0.6640      NaN
r           -0.0905  -0.6637  -0.8464   0.2323   0.7055  -0.6637   1.0000  -0.9996      NaN
w            0.0906   0.6640   0.8470  -0.2324  -0.7054   0.6640  -0.9996   1.0000      NaN
sigma_c         NaN      NaN      NaN      NaN      NaN      NaN      NaN      NaN      NaN


AUTOCORRELATION OF SIMULATED VARIABLES
VARIABLE         1       2       3       4       5
y           0.9203  0.8431  0.7727  0.7095  0.6489
c           0.9862  0.9699  0.9516  0.9320  0.9106
k           0.9974  0.9913  0.9820  0.9698  0.9551
i           0.8911  0.7869  0.6932  0.6107  0.5326
n           0.8897  0.7844  0.6895  0.6060  0.5272
y_n         0.9862  0.9699  0.9516  0.9320  0.9106
r           0.9684  0.9359  0.9036  0.8724  0.8406
w           0.9683  0.9357  0.9036  0.8724  0.8405
sigma_c        NaN     NaN     NaN     NaN     NaN
Total computing time : 0h00m06s
Note: 10 warning(s) encountered in the preprocessor
